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5 Business Plan Mistakes: How to Avoid Them
Corporate banker and finance consultant Paul A. Broni points out errors many make when writing and submitting a business plan.

Introduction

If you are preparing to raise capital from either an investor or a bank, you’re probably writing a business plan. Here are five of the most common mistakes that I have seen as a result of my experience as a commercial banker and corporate-finance consultant.
Category: Articles (Business Plans)

The Big Picture: 5 Small Business Management Questions that Can Boost Your Business
As small business managers, entrepreneurs, and Webmasters, we strive for perfection in all areas. Article explains how to juggle resources for maximum effectiveness.

Introduction

As small business managers, we juggle limited resources in a quest for success. To an extent, when we focus on success in one area we forego attention elsewhere. Limited money and time mean we must choose from seemingly endless -- and often conflicting -- advice and recommendations from marketing service providers; management and marketing consultants; and internal experts. This creates a dilemma. How do you choose which recommendations to embrace and which to pass by?
Category: Articles (Business Plans)

A Feasibility Study and You: A Dynamic Duo
Article gives the definition of feasibility study and describes what to address in each component.

Introduction

You have a great new business idea. You've asked your friends and family for feedback and they gave you thumbs up approval. You've asked your existing customers if they'd have use for such a product or service and they've indicated they would. Lastly, you've done some soul searching and you know you're truly interested in this concept and have the commitment to stick with it over the long haul.

So far so good. Now it's time to do a feasibility study.

I can hear the resistance already.

"A feasibility study, you say? Isn't it something that CEO's of Fortune 500 companies fiddle with? What does it mean to the owner of a small or home business like me?"
Category: Articles (Business Plans)

Business Plan Articles
This is a collection of business planning articles and resources.

Introduction

Because no two businesses are alike, there is no way around writing a unique business plan. There are, however, similarities between different business plans. Most follow a general business plan template, with similar sections between plans.

So you do not have to start from scratch, we have made several sample business plans available. They will give you an idea of which business aspects to analyze when developing your own plan.

Also, to help with analysis and other considerations when writing your business plan, the section is filled with articles written by business planning professionals.
Category: Articles (Business Plans)

The Game Plan - the Difference Between Small Business Success and Failure (Part 1)
In addition to the business plan, it is smart to have a game plan. That is, a plan that will help the business stay focused on day-to-day implementation. In part one, the author gives an example of a game plan and explains the focus.

Introduction

It is an American dream to own a business. But sadly, according to the U.S. Department of Commerce, only 1 in 5 businesses is still in business 5 years after it opens.

A business needs a great business plan, but it doesn't give management enough information to have a successful, profitable business. You dramatically increase your chance of success with a game plan. According to a PriceWaterhouseCoopers survey, over half of the fastest growing firms not only have business plans, but also have separate game plans to keep them focused on what must be done day to day.
Category: Articles (Business Plans)

The Game Plan - the Difference Between Small Business Success and Failure (Part 2)
In part two of this article, the author explains the steps in a game plan and how exactly to turn objectives into action.

Introduction

Steps in the Game Plan Process

The game plan requires a series of steps, beginning with the CEO getting in touch with his or her desires for the business. Then, the management team must delve into what is real for the business today – understanding the business model (how the company makes money), having a handle on what is happening in the market, and finally, knowing what is happening in the company culture. With all this background work done, the actual creation of the game plan begins. At best, it is a facilitated process of discussions matching what is real today with what is possible tomorrow, in the long run and in the short run.

A game plan only looks out a year at most, but within the context of a much longer period of time.
Category: Articles (Business Plans)

Your Plan Tells Your Story
Article explains contents of a business plan and what to write about your business.

Introduction

Basic Company Information

A standard business plan outline includes a chapter topic on your company. You may not need to include this chapter if you are writing an internal plan. However, any outsiders reading your plan will want to know about your company before they read about products, markets, and the rest of the story.

Summary Paragraph

Start the chapter with a good summary paragraph that you can use as part of a summary memo or a loan application support document. Include the essential details, such as the name of the company, its legal establishment, how long it's been in existence, and what it sells to what markets.

Legal Entity and Ownership ...
Category: Articles (Business Plans)

Design Your Plan to Fit Your Business
Article answers the questions: What is a Business Plan?; What's a Start-up Plan?; Is There a Standard Business Plan?; What's Most Important in a Plan?; and Can you Suggest a Standard Outline? (The answer is yes, with a business plan outline is given in the article.)

Introduction

Business planning is about results. For every business plan, you need to make the contents of your plan match your purpose. Don't accept a standard outline just because it's there.

In the United States business market there is a standardization about business plans. You can find dozens of books on the subject, about as many Web sites, two or three serious software products, and courses in hundreds of business schools, night schools, and community colleges. Although there are many variations on the theme, a lot of it still falls into the same standard.

What is a Business Plan?...

Category: Articles (Business Plans)

5 Business Plan Mistakes: How to Avoid Them
The commercial who wrote this article explains five mistakes he commonly sees in business plan presentation.

Introduction

If you are preparing to raise capital from either an investor or a bank, you’re probably writing a business plan. Here are five of the most common mistakes that I have seen as a result of my experience as a commercial banker and corporate-finance consultant:

Submitting the Plan to the Wrong People...
Category: Articles (Business Plans)

Gathering Information For Your Plan
Here, the author explains ways to begin preparation of your business plan, by gathering information.

Introduction

A common problem people encounter when writing their business plan is finding information about their business industry and competitive companies. Fortunately, in recent years the Internet has made information gathering simple and easy, but sometimes the best information is found much closer to home, with real people, in real time.
Category: Articles (Business Plans)

Sample Restaurant Business Plans
The business plan for a restaurant depends on many things, including the type of restaurant.

Introduction

When writing a business plan for your restaurant, think strategically about the type of restaurant. Although certain elements will be similar across different restaurant formats, each has its own characteristics.

Consider, for example, a self serve buffet's plan versus that of a health food restaurant. Both plans would have the same general outline: Executive Summary, Restaurant Overview, Product and Service Descriptions, Business and Market Analyses, Marketing Plan Strategies, Sales Strategies, Management, Financial Analysis, and Financial Statements.

Details, however, will differ dramatically between the two plans...
Category: Articles (Business Plans)

Sample Business Plan of a Buffet Style Steak House Restaurant
This sample business plan gives details about services, market analysis, marketing, management, and the financial plan.
Category: Articles (Business Plans)

Business Plan Samples
A list of sample business plans available free online.
Category: Articles (Business Plans)

When Do I Need To Hire A Business Plan Consultant
Article explains what you need to write a business plan and when you should have a business plan consultant.

Introduction

Every new business owner knows that a business plan is critical it is drilled into them by potential investors and every banking officer they meet. So why is something that is so important to the launch of a new venture so difficult to write? Good question! In this article I will try to address when you should go out and hire a business plan writer versus taking on the task yourself. First time entrepreneurs often cringe when sitting down to write their business plan. Some spend 6 months agonizing over each period and comma, and even worse others spend 6 months procrastinating and do nothing. So lets break it down and see where / when a business planning company should be brought in:
Category: Articles (Business Plans)

Business Plan Articles

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